page_title: Kiwibank
section_title: Establishment period (2002–2010)
hierarchical_section_title: Kiwibank / History / Establishment period (2002–2010)
caption_attribution_description: English: New Zealand Post and Kiwibank shop at The Palms shopping centre in Shirley, Christchurch in 2016.
context_page_description: Kiwibank Limited is a subsidiary of the state-owned enterprise New Zealand Post Limited, New Zealand Superannuation and the Accident Compensation Corporation. Kiwibank provides some of its banking services through its PostShops and more recently through financial services only branches as well. Kiwibank is owned by the New Zealand Government, with New Zealand Post owning 51% and the Accident Compensation Corporation and New Zealand Superannuation Fund owning the other 49%. The company's Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010. The current Chairperson of the Board of Directors is Susan Macken.
context_section_description: The bank originated from Alliance Party policy during the 1999—2002 term of the Labour-led coalition government.
  Jim Anderton revealed in his valedictory speech that after the issue had previously been discussed by cabinet for months, he had spent three hours trying to convince then Finance Minister Michael Cullen, Annette King told Cullen: "Michael, Jim's beaten back every argument against the bank we've ever put up. For God's sake, give him the bloody bank." Cullen replied: "Oh, all right then."
  Kiwibank launched in 2002 with 211 branches open nationwide by 30 June.
  In 2008, one analysis saw Kiwibank as having fostered a new level of competition in banking in New Zealand in terms of lower fees and growth in service. As of 2007, Kiwibank had higher customer-satisfaction ratings than the four large Australian-owned trading-banks.
  In 2008 Kiwibank unveiled an advertising campaign, "Join The Movement", which portrayed foreign-owned competitors as enemy occupiers. The New Zealand Herald called the campaign "jingoistic".
caption: New Zealand Post and Kiwibank shop at The Palms shopping centre in Shirley, Christchurch
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